Industrial Fabric Market Forecasts to 2028 – Global Analysis By Fiber Type (Polyamide, Aramid, Polyester, Composite and Other Fiber Types), Application (Transmission Belt, Flame Resistant Apparel, Automotive Carpet, Protective Apparel, Conveyor Belt and O

Industrial Fabric Market Forecasts to 2028 – Global Analysis By Fiber Type (Polyamide, Aramid, Polyester, Composite and Other Fiber Types), Application (Transmission Belt, Flame Resistant Apparel, Automotive Carpet, Protective Apparel, Conveyor Belt and Other Applications) and By Geography

According to Stratistics MRC, the Global Industrial Fabric Market is accounted for $19.2 billion in 2022 and is expected to reach $27.9 billion by 2028 growing at a CAGR of 6.4% during the forecast period. Industrial fabric is a fabric used for manufacturing parts of machines, structures, and several other technical articles. Both natural, as well as synthetic materials are used in the manufacturing of industrial fabrics, which are manufactured in a diverse pattern or created in unwoven textures. These are composed of higher performance fibers, yarns, and chemicals to limit failures, which could have serious consequences. These can be used for a variety of purposes such as printing, belting, and automotive, filtering, and processing applications.

According to Indian Bureau of Mines, the mining industry witnessed a 2.9% Y-o-Y growth in 2019 over 2.3% in 2018 which created a major market (for conveyor belts) in this sector during the time period.

Market Dynamics:

Driver:

Technical advancements

Technical advancements in textile manufacturing processes and the implementation of automatic systems for manufacturing and packaging processes are surging the demand for conveyor belt and other fabric components of industrial machines. Moreover, geomembranes and geotextiles are classified as technical textiles and are widely used in various applications. The increasing adoption of such materials is attributed to their high functionality and superior properties, which are expected to fuel the market.

Restraint:

Stringent regulations

Following strict government regulations is a significant challenge for the market. Synthetic fabric is difficult to degrade in comparison to natural fabric, which is eco-friendly and disposable. This processing includes multiple stages, including weaving, spinning, and processing, which together generate waste. Several countries have now adopted various regulations governing the production of industrial fabric. These restrictions are lowering operating efficiency, which is impeding market growth.

Opportunity:

Increasing demand of industrial fabric

Rising online retail sector in turn increasing demand of industrial fabrics is fueling the growth of market. Due to superior properties offered by industrial fabrics like high temperature resistance, they are widely used in sports and domestic and industrial applications. Increased use of industrial fabrics in carpets, belts, and seat covers in the automotive industry, the rising disposable income among the consumers and emergence of the western culture across the world are the major factors enhancing the growth of the market.

Threat:

Fluctuating prices of raw materials

The cost of producing industrial fabric is quite high, and strongly fluctuating raw material costs is likely to hinder the market growth. Price fluctuation due to high mill consumption and money exchange can decrease the sales of the industrial fabric market. Industrial fabric is expensive as it needs high investment for manufacturing. Thus, these factors are hampering the market growth.

Covid-19 Impact

The impact of Covid-19 had a negative impact on the market owing to the supply chain disruptions for industrial fabric products. Furthermore, during the period, increased raw material prices, particularly cotton and cotton yarn reduced market. The pandemic prompted a lockdown and the temporary closure of fabric production facilities, impacting the market's overall growth. It further impacted the entire supply chain, causing raw material prices to surge, particularly for cotton and cotton yarn. This factor slowed the production of industrial fabric, particularly in the beginning. Furthermore, the decline from customer income had resulted in a decrease in demand for the global industrial fabric market.

The polyester segment is expected to be the largest during the forecast period

The polyester segment is estimated to have a lucrative growth, due to it is lightweight, malleable and highly functional type of fiber and is therefore widely employed in manufacturing strong and sturdy fabrics. Polyester fibers are less valuable and hold characteristics such as good UV and abrasion resistance, good tearing strength, and efficiency of cleaning. Hence, these aspects are improving the market expansion.

The automotive carpet belt segment is expected to have the highest CAGR during the forecast period

The automotive carpet segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the growing demand from the automotive industry. The stain resistance property and longer service life of industrial fabric make it the ideal choice for various applications in the automotive industry. Besides, the increasing awareness in consumers regarding automotive safety coupled with government regulations is expected to drive the demand for the market.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the high demand applications for interior trims of automobiles, fire protective apparel, the market for industrial fabric has been increasing. Furthermore, advancements in technology, the growth of the construction industry on account of the rapid industrialization and urbanization in the emerging countries are fueling the market demand.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, owing to the growing automotive industries in the region. The huge production of carpet vehicles, seat covers, gaskets, and belts in the automotive industry are propelling the industrial textile market in this region. Moreover, developments in technology that are taking place all across the region are further driving the growth of this market.

Key players in the market

Some of the key players profiled in the Industrial Fabric Market include Kontoor Brands, Inc., Toray Industries, Forbo International SA, Habasit, ContiTech AG, Bridgestone Corporation, DowDuPont, Johns Manville, W. Barnet GmbH & Co. KG, Fitesa SA, Cerex Advanced Fabrics, Ahlstrom-Munksjo, Contitech AG, G.R.Henderson Co. Textiles Ltd., Russett Holdings, Kimberly-Clark, Scott Bader, Berry Global Inc, Raymond UCO Denim Pvt. Ltd. and Modern Denim Ltd.

Key Developments:

In March 2021, Toray Industries has claimed that it's MAKSPEC V Antiviral Textile is successful in combating the COVID-19 pandemic and lowering SARS-CoV-2 concentrations.

In August 2020, Ahlstrom-Munksjo has launched Trust Shield Biological, a personal protective gear medical fabric meant to guard against harmful infections. The company's position in the worldwide industrial fabric market, particularly in the medical sector, will be strengthened as a result of this action.

In April 2020, Habasit AG has announced the opening of a new warehouse and distribution center in Addison, Illinois. This expansion aims to provide a wider selection of belting goods, improve services, and save shipping costs and time for the company's customers in the south-central region.

Fiber Types Covered:
• Polyamide
• Aramid
• Polyester
• Composite
• Cotton
• Other Fiber Types

Applications Covered:
• Transmission Belt
• Flame Resistant Apparel
• Automotive Carpet
• Protective Apparel
• Conveyor Belt
• Other Applications

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements